Job Gains in Texas and Losses in Caifornia and Florida

Austin and Oakland: A Tale of 2 Cities

Dec 4, 2012 • Businesses, Economic History, Macroeconomic Measurement, Regulation, Uncategorized • 209 Views    No Comments

Sort of, we can “celebrate” a birthday. 5 years ago, the Great Recession began.

And that takes us to Texas where they can celebrate. Among the large metropolitan areas in the US, Austin (#1), Houston (#2), San Antonio (#4) and Dallas (#7) are in the top 10 for employment numbers that have surpassed their 2007 totals.

Why Texas? The Economist suggests it is because of mortgage regulations that precluded a severe housing crisis, population increases, and of course, energy.

Based on BLS (Bureau of Labor Statistics) data, this Economist chart illustrates the employment divide between Texas and California.

Employment in Texas Exceeds 2007 Totals

Sources and Resources: My facts are from The Economist and business cycle data from the NBER (National Bureau of Economic Research).

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